Understanding the Financial Crisis and What It Means to You
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From Wall Street to Main Street, Americans are reeling from the current financial crisis. Hear a panel of Stanford experts discuss perspectives on the crisis and what is to come. Recorded October 10, 2008. Panelists: John Shoven (Director, Stanford Institute for Economic Policy Research), Anne Casscells (CIO, Aetos Capital), Darrell Duffie (Professor of Finance, Stanford Graduate School of Business) , Dennis Lockhart (President and CEO, Federal Reserve Bank of Atlanta), John Taylor (Professor of Economics, Stanford University), Mark Wolfson (Founder, Oak Hill Investment Management) Stanford University: www.stanford.edu Stanford Channel on youtube: www.youtube.com
Understanding the Financial Crisis and What It Means to You
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Comment by golfdu222
hey you are so right. I still think we are in a world of hurt, we will wake up one day
and our dollars are going to be a third of
what they are worth now. called a bank
holiday and gold won’t help either.
Comment by glavataaa
golfdu222 u are right to some extend. Think who benefits from a war….the banks do, beacause the banks are the ones lending money for dat war to happen and they r da once charging interest on dat money made out of thin air. remember da fed is privately owned company dat can issue as much money as it want
Comment by glavataaa
ofcourse…if da fed lends money to other banks , these other banks will lend money to people and dat would increase da amount of money in the system and will cause inflation….to stop inflation da fed icreases interest rates and dat stops other banks from borrowing money and therefore prevents them from lending money to the people-dats how inflation is avoided. Now lets see if dat video is any good
Comment by 24BIT24BIT
@Burdell22000 thank you, kindly
Comment by Burdell22000
FYI financial crisis talk begins around min. 26
Comment by motorolav878
More people should watch this video. It is a pity that individuals would rather watch useless tabloid crap.
Comment by kunsura
you mean to tell me that banks are scared to lend to other banks?
Comment by golfdu222
Hey boundtogetdown you took the words
right out of my mouth!!!!! I should have
highlighted the or not. And yes the hard life is on the way.
Comment by boundtogetdown
are you kidding me we get most of our oil from saudi arabia
whens the last time you picked up a fun little toy or tried on a shirt that said “MADE IN USA” never!!!
WE ALREADY HAVE A ONE WORLD ECONOMY AND AMERICANS TAKE IT FOR GRANTED GET READY FOR THE HARD LIFE!!!
Comment by golfdu222
One world econemy is on the way
whether you like it or not. Look at
the bigger picture it might be a better
place, or not!!!
Comment by golfdu222
What put America into crisis is america
always has a crisis. America spends
all their wealth on weapons and the
military. You may be broke and starving
but at least you are safe!
Comment by kenfla2
Man, people talk to much and say nothing. Here is an idea, pay your bills and buy domestic. We let this happen, make no misstake about it. And now we have a man in office that throughing this country deeper into debt by wicked amount of dollars. You can’t get out of a hole by digging out the bottom. So what are we going to do to fix this? We’ve been listing to these so called standford think tanks and thing just keep getting worse. Did anybody really listen to two hours of this video???
Comment by Justaguy1010
the problem is a weak currency because it is a fiat currency. We are going further into debt with out paying off our debts. China is getting rid of the US dollars they hold and replacing them with Euros. Opec now sells oil in Euros.
Comment by man20121251username3
really,what means economic crisis?
Comment by moniequa
The truth is no one knows what is happening. MBAs know even less but really know how to talk intelligently but produce a big pile of shit.
Comment by BoomerNavy70
Something else to keep in mind…it was these god damn MBA’s that put us into this mess.
Comment by BoomerNavy70
How can people that have only high school diplomas be so much smarter than some college professors.
I think we have it all wrong. Street Smarts are a lot more practical than College Smarts with the exception of brain surgery which would require at least a correspondence course, and maybe a certificate of credibility from a Mexican University.
Have you ever noticed how all these so called EXPERTS come out of the woodwork after the crap hits the fan…lol.
Where were you before?
Comment by BoomerNavy70
Whoever thought that the United States government would be involved in a Ponzi scheme…LOL.
Back in 1999 the Republican Congress and the Senate were bought off by the bank lobbyist and credit card companies by repealing the Glass-Steagall act of 1933 which was there to control the banking and financial services industry.
Bill Clinton was just as guilty for signing the bill
Reagan also took away your right to deduct your interest rates.
This isn’t rocket science.
Comment by louis12346
A tent city on the banks of the American River in Sacramento, California, circa 1936.
featured-stories – Obamavilles In America
To get a recovery, wipe out the $1.5 quadrillion of financial derivatives like those of AIG, which have already cost US taxpayers $190 billion on the way to at least $400 billion. Outlaw the hedge fund hyenas that bid up the price of gas in 2008. Re-regulate financial and commodity markets, and bring back the uptick rule and the ban on naked shorts at the SEC.
Comment by louis12346
A tent city on the banks of the American River in Sacramento, California, circa 1936.
featured-stories – Obamavilles In America
To get a recovery, wipe out the $1.5 quadrillion of financial derivatives like those of AIG, which have already cost US taxpayers $190 billion on the way to at least $400 billion. Outlaw the hedge fund hyenas that bid up the price of gas in 2008. Re-regulate financial and commodity markets, and bring back the uptick rule and the ban on naked shorts at the SEC.
Comment by louis12346
Want to stop foreclosures? pass a law making foreclosure on any primary residence, family farm, or business a federal crime for the duration of the depression, Put a family out on the street, shut down a farm,close a factory, and the banker goes to Leavenworth.Start with the great foreclosers — Dimon of JP Morgan, Pandit the Bandit of Citibank, Lewis of Bank of America, Blankfein of Goldman Sachs, and the other zombie bankers.Dont let them destroy Detroit, Stockton, or any other American city
Comment by mowryric
Want to improve your own economic situation.
A way out of this for you?
Stop by my page , watch the videos, see how you do not have to be part of this .
Comment by SonnyTheWhiteDwarf
The panel was excellent, especially considering the short notice. The audience members also asked thoughtful questions.
I worry about Mr. private equity’s prescription for massive government intervention. Such interventions never fully go away when the storm passes. Given that the anti-free-market party is now in control of DC, we can expect to lose even more economic freedom than during the reign of the other anti-free-market party, from 2001-2006.
Comment by Johnhighfive
One thing that is missing on this video is the lack of control on Corp worldwide;today SEC has held charges against STANFORD BANK; so again another ponzi scheme; fictitious earnings, financial misrepresentation:
THE PROBLEM: greedy beyond comprehension created a false economy hence destructing real values. In addition to the boost of a disproportionated consumption based on a false unlimited markets demand: behind its “Sinergy and Globalization play words” THAT IS WHAT ´S GOING ON OVER HERE.
Comment by nutshell1994
Self-loving “experts.”
Not teaching anything but the same regurgitated garbage.
To know the true economic well-being,
study history.
Start with the founding father’s letters during the making of the constitution. They understood the crippling power of nationalized banks. Why was there a mass-exodus from Europe? What was the main form of opression?
Unable to own your own land.
Heavy taxasion.
Familiar?
Property tax?
Estate tax?
-This takes away our right to keep our property.